5 Stocks Getting a Huge Vote of Confidence From Wall Street Analysts

In this article, we discuss the 5 stocks getting a huge vote of confidence from Wall Street analysts. If you want to see more such stocks on the list, go directly to 10 Stocks Getting a Huge Vote of Confidence From Wall Street Analysts. 

05. First Solar, Inc. (NASDAQ:FSLR)

Number of Hedge Fund Holders: 39

First Solar, Inc. (NASDAQ:FSLR) is a global provider of photovoltaic cells. Focusing on the cadmium telluride solar modules, the company is a major supplier in Europe, Asia, and Australia. On July 28, BofA Securities upgraded First Solar, Inc. (NASDAQ:FSLR) from Neutral to Buy and simultaneously adjusted the price target from $202 to $283. This upgrade and the revised price target indicate a more positive outlook on the company’s future prospects. As a financial institution, BofA Securities likely believes that First Solar, Inc. (NASDAQ:FSLR) stock is poised for potential growth and may outperform the broader market or its industry peers. The upgrade from Neutral to Buy suggests that BofA Securities sees favorable opportunities for the company’s performance and considers it a more attractive investment option.

The new price target of $283 indicates the price at which BofA Securities believes the stock could reach in the future, and it suggests the potential for significant upside from its current trading price. This increase in the price target may reflect BofA Securities’ increased confidence in the company’s growth and earnings potential.